Scam Brokers

Royal Markets Online

Summary

Royal markets online offer a dynamic, yet easy to use trading platform. As mentioned above the royal markets trade room uses the Tradalogic platform. They offer a vast number of assets to trade on. They also offer the new Panda binary trading software. This trading platform comprises major as well as minor crosses. They offer extensive products such as commodities, indices, stocks, futures, and bitcoins for trading purposes. They also boast about having trading platforms in English, German, Spanish, Italian and Portuguese.

THIS BROKER ISN'T LICENSED

Royal Markets Online Scam Review

ROYAL MARKETS ONLINE: AUTHENTIC OR A SCAM?

 

Due to the growing popularity of binary options, there are hundreds of binary options brokers that have cropped up in the market. It can get very difficult to separate the authentic ones from the ones that are a scam. Scam broker reviews these brokers to verify their authenticity by checking if the CySEC in Europe or ASIC in Australia has granted them a license.

 

Royal markets online deal with binary options and pair options trading.  It is owned by Global view limited. They are based in Saint Vincent and the Grenadines. They make use of the Tradalogic trading platform to serve their customers. Our review should be able to shed more light on the benefits and drawbacks of investing with Royal Markets online.

royal markets scam review

TRADEABLE ASSETS: 

Royal markets offer extensive products such as futures, indices, commodities, stocks, and Bitcoins for trading purposes. The binary options available are one touch, range options, turbo options, touch options, digital options and advanced binary options with returns ranging from 60% -80%. Expiry time for the options varies from 30 seconds to 4 months.

 

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TRANSACTION METHODS:

Royal Markets Online requires the customers to have a minimum balance of $250. They also offer the following methods for withdrawal and deposit: Visa, Bank wire transfer, Mastercard, Maestro, Neteller, Skrill, and Paysafecard

 

LICENSE DETAILS:

Royal markets online are UNLICENSED broker company. No regulatory bodies monitor their activities and the customers are at a greater risk of fraud. There are no means to oversee their functioning and to make sure they stick to ethical practices. Unlicensed brokers are often subject to complaints related to withdrawal issues. Since these firms are unregulated, no regulatory bodies can address the customer’s complaints and seek proper solutions for the same.

royal markets online - scam or not?

BONUS MONEY:

 As mentioned above, withdrawal issues are one of the most frequent complaints of the investors. Thus it is important to thoroughly understand the bonus terms and conditions before accepting any kind of bonus cash from the broker.

It is important to note that unless stated otherwise, a precondition for withdrawals after accepting deposit bonus is trading a volume of 30 times the bonus amount. Majority of the investors make mistakes in understanding how the bonuses work which leads to withdrawal complaints. More can be read about these complaints here.

CONCLUSION:

After reviewing Royal Markets online we can conclude that they DO NOT possess a license hence the investors are at the risk of getting scammed.  

THIS BROKER ISN'T LICENSED

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